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Risk Management

How is the #metoo movement affecting insurance rates, and how can you get ahead?

Cyber-insurance is a type of policy that is supposed to be designed to protect you and your business if you’re data is exposed. In an ideal world, cyber-insurance does two things: provide financial security for your business and a team to help you navigate the complex legal and regulatory environment.

An unknown group of hackers nearly stole $1 billion from the Bangladesh central bank in a cyber heist in February. Though the cyber thieves were discovered, they stole about $80 million before being stopped. According to senior bank officials, the hackers somehow breached Bangladesh Bank’s systems and stole its credentials for payment transfers. The thieves then began sending ...

A data breach can be a devastating event, affecting a company financially and damaging its reputation with customers. But as a director or officer at your company, you face litigation risks based on the decisions you make following a breach and on how you influence cyber security policies, as these are often considered board-level issues.   If a suit is filed against you afte ...